SOURCE: Apixio

Apixio

July 06, 2017 08:00 ET

Apixio Launches First-to-Market Software Application to Help Insurers Audit Their Medicare Advantage Reimbursement Coding

Compliance Auditor Provides Health Insurers Much-needed Insight into Risk Adjustment Coding, Ensuring Accurate Payments and Reducing Audit Risk

SAN MATEO, CA--(Marketwired - Jul 6, 2017) - Apixio Inc., the data science company for healthcare, today unveiled Compliance Auditor, the first application of its kind in the marketplace and latest addition to the company's HCC Profiler solution suite. Compliance Auditor makes it possible for insurers to validate the accuracy and compliance of their risk adjustment chart coding efforts, paving the way toward fair and complete reimbursement. Powered by Apixio's Artificial Intelligence (AI) platform, Compliance Auditor allows health plans to perform a thorough quality assurance of outsourced risk adjustment chart coding.

Currently, the vast majority of health plans outsource risk adjustment coding to third-party vendors. However, they lack the capacity to audit vendor work at a meaningful scale due to time and resource constraints. This puts organizations at financial and audit risk. With recent consolidations in the risk adjustment vendor market and an increasing number of investigations into coding efforts, accurate and compliant risk adjustment coding is more important than ever before.

"We believe that Medicare Advantage is the model for how Medicare ought to function. However, plans must be paid only for well-supported diagnoses. Risk adjustment coding is critical for creating a complete picture of a patient's health, but it is often prone to error due, in part, to inadequate quality assurance," said Darren Schulte, MD, CEO, Apixio. "We are excited to introduce Compliance Auditor -- a first of its kind solution for health plans to gain complete assurance that their codes from chart reviews have proper supporting evidence."

Compliance Auditor Delivers Confidence to Risk Adjustment Coding

With Apixio's Compliance Auditor, insurers benefit from:

  • Unmatched speed and scale: Using Compliance Auditor's intuitive, web-based application, a small health plan team of four people can conduct a comprehensive review of nearly 50,000 charts in as little as one week -- a speed and scale not previously possible.
  • Control over risk adjustment coding program: Now health plans can rely on internal expertise and interpretation of in-house coding guidelines, rather than relying on outsourced vendors to complete quality assurance work. 
  • Precise, streamlined workflow: A simple interface allows coding supervisors to confirm provider, date of service, what ICD code the vendor selected, and its supporting evidence.

"Health plans are losing confidence in vendor coding results and growing more concerned about audit and compliance risks. However, due to constrained resources and current processes, most insurers are only able to audit 10 percent or less of charts coded," said Tam Pham, solutions executive, Apixio. "In today's regulatory environment, that is no longer enough. Plans can't afford to use vendors who simply look for new codes, without also confirming the accuracy of existing codes. Our Compliance Auditor allows health plans to review their vendor's results and validate supporting evidence for a code in as little as 60 seconds."

In addition to the Compliance Auditor, Apixio offers a compliance solution, Zero Evidence, further increasing the accuracy of coding efforts. Zero Evidence identifies when diagnosis codes found in encounter claims lack supporting evidence. If there is no indication of supportable evidence, then the results are considered "zero evidence" codes and insurers may delete them.

To learn more about Apixio's HCC Profiler solution suite, visit https://www.apixio.com/solutions/.

About Apixio

Apixio, the data science company for healthcare, developed AI based analytics to enable novel insights from both medical text and codes for improved healthcare delivery. Apixio's HCC Profiler leverages its proprietary algorithms and platform to help coders achieve unprecedented accuracy and efficiency for risk adjustment. The Apixio algorithms are based upon learning from more than 600 million clinical documents.

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